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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 09, 2003
Page
14
Stocks closed lower as Microchip Technology and Nautilus Group warnings weighed on sentiment. The Dow fell 1.49 points to 8,298.92 and the Nasdaq shed 6.57 to 1,382.94, with decliners outpacing advancers 4 to 3.
Labor leaders warn employees may reject concessions totaling over 1.6 billion annually as American Airlines stalls renegotiations to avert bankruptcy. Union leaders and company officials say a decision is expected by April 15 with bankruptcy filings "very soon" if talks fail.
Akio Toyoda, 46, grandson of Kiichiro Toyoda and son of Shoichiro Toyoda, is named among 14 senior managing directors to be added in June. Since joining in 1984 he has led Toyota’s Internet and telematics initiatives advancing wireless in vehicles.
The EIA revises its forecast downward citing lower crude prices and weaker oil demand. Analysts warn ongoing uncertainties from Iraq, Venezuela, Nigeria, and OPEC could reverse declines, while tight gasoline stocks may slow price drops despite crude easing.
California eases emissions rules as GM curtails its electric car program. Dozens of blue and red EVs sit behind a fence in Van Nuys while the carmaker ships vehicles to museums or labs, cannibalizes parts, or scraps them.
Lincoln Nebraska AP The USDA advances meat safety by sampling at all plants instead of only non self testing sites and by tracing supplier records when contamination is found Officials say the policy aims to remove guesswork and improve outbreak tracking The agency has 7600 inspectors and 1100 veterinarians who supervise over 39 million cattle and calves yearly
The Consumer Product Safety Commission votes to ban manufacturing and sale of candles with lead cores and the candles using them due to lead exposure risks. The ban aims to curb inhaled vaporized lead and mouth exposure from votive pillar or container candles.
Washington Bancorp merges Rubio Savings Bank of Brighton and Washington Federal Savings Bank with two Washington Federal branches Richland Federal Savings and Wellman Federal Savings to create Federation Bank. The move, effective April 16, keeps Rubio’s charter and transfers home office to Washington. New data processing will roll out June 2 with minimal customer disruption including unchanged account numbers and payment tools through 2005.
United Northwest Continental US Airways join Delta price cut to boost travel amid Iraq war and SARS. American also matched. Fares from 44 dollars require advance purchase and travel Mon Thu and Sat April 14 to Oct 1. buy by April 16. United also offers Hawaii to mainland sale with April 18 deadline and June 11 completion.
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